In 2023, the Economic Development Administration (EDA) issued six grants totaling $4,120,000 to fund economic development projects in New Mexico.
This represents a 90.6% decrease from 2022, when the state received $43,915,595 in funding.
New Mexico ranked 34th across the U.S. in total EDA grant funding for 2023. South Carolina topped the list with $30,038,466 in funding across 14 grants.
Village of Milan received the largest EDA grant for funding an economic development project in the state, totalling $2,739,000.
EDA Grant Recipients in New Mexico in 2023
| Grantee Name | Total Funding |
|---|---|
| Village of Milan | $2,739,000 |
| Northwest New Mexico Council of Government | $621,000 |
| North American Intelligent Manufacturing Initiative | $300,000 |
| Three Sisters Kitchen | $200,000 |
| San Juan College | $130,000 |
| The Regents of New Mexico State University | $130,000 |
